Category: Bitcoin Analysis

Crypto Trader Offers Roadmap To Chainlink Buckling Against Bitcoin

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Few coins in the crypto world have performed anywhere near as well as Chainlink – Bitcoin included. After nearly three steady years of overperformance against the most dominant cryptocurrency, LINKBTC could have also topped alongside the USD pair. One top crypto trader with a track record of successful calls has shared a new chart outlining the path Chainlink could take before ultimately buckling against Bitcoin. Crypto Trader Expects Chainlink To Collapse Against Bitcoin, Following Descending Triangle Pattern What goes up must come down, as the saying goes. Chainlink’s historic run…

This Trader Doesn’t See Why Bitcoin Can’t Hit $12,000 Soon

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After starting last week rather weak, Bitcoin began to push higher into Friday and into the weekend, ending up pushing as high as $11,500. For context, the lows of last week came in closer to $10,400, far below the local highs. While Bitcoin’s upward momentum stalled on Sunday and Monday morning, analysts are still certain that the coin’s short-term trend is bullish. One top investor in the space recently said that there’s a good likelihood Bitcoin trades at $12,000 this week. What may stop a Bitcoin rally, though, is news…

Bitcoin Surges Towards $11,700, Liquidating Millions

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It appears that Bitcoin investors are not fazed by the prospects of a move lower due to the CME futures gap formed at $11,100. The leading cryptocurrency has continued to thrust higher, pushing towards $11,700 just minutes ago as of this article’s writing. The leading cryptocurrency has now printed six days of gains in a row, suggesting it is on track for a full reversal of the September losses. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Pushes Towards $11,700  Bitcoin is thrusting towards $11,700…

TA: Bitcoin Likely Gearing For Another Upside Break: Rally Isn’t Over Yet

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Bitcoin price surged above $11,000 and $11,200 against the US Dollar. BTC is now consolidating gains and it seems to be preparing for another rally above $11,500. Bitcoin is showing positive signs and it is trading nicely above the $11,200 support level. The price is facing a short-term resistance at $11,420, but it is above the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $11,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally if it…

A “Tsunami” of Capital Is Coming For Bitcoin

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Last week, Square made mainstream headlines when it was revealed that the firm had bought Bitcoin — $50 million worth of the cryptocurrency. Square is a financial technology giant valued at around $80 billion, though the $50 million was only approximately 1% of its assets. Square wasn’t the first company to do so. The month before, MicroStrategy, a business services company, revealed that it had purchased $250 million worth of Bitcoin, then $175 million just months later. Tyler Winklevoss, the co-founder of Gemini, believes that these two moves are just…

Here’s the Newly Formed CME Gap Bitcoin May Soon Move to Fill

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Bitcoin’s technical outlook has greatly improved throughout the past few days, with bulls’ ability to push the cryptocurrency off of its $10,600 lows and past its $11,200 resistance providing its market structure with a serious boost. Where it trends next will likely depend on its reaction to its next key resistance level at $11,600. The resistance here is quite significant and could cause it to see notable losses if bulls cannot surmount it. It is important to keep in mind that the cryptocurrency’s current momentum is rooted in bullish news…

Bitcoin Price Holds Strong At $11.2K: A Strengthening Case For $12K

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Bitcoin gained bullish momentum and rallied above the $11,000 resistance against the US Dollar. BTC is consolidating gains above $11,200 and it could extend its rise to $12,000. Bitcoin started a strong increase after it cleared the $10,950 and $11,000 resistance levels. The price is now trading well above $11,200 and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $10,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but buyers are…

$11,800 Is the Crucial Bitcoin Level to Be Watching Moving Forward

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Bitcoin has been pressing higher over the past 72 hours as the U.S. dollar finally began to lose traction after a relief rally. The leading cryptocurrency currently trades for $11,350, a price far above the weekly lows around $10,400. At the highs seen on Friday evening, BTC traded almost as high as $11,500 — a pivotal resistance level in the near term. Analysts say that the cryptocurrency still has crucial resistance levels above the current price. One analysis suggests that Bitcoin must confirm $11,850 as support in the near future…

Square’s Bitcoin Investment Made $2 Million Over The Last 24 Hours

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Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to Square’s holdings. Here’s what it could mean for the market, and if a domino effect is beginning with this latest development. Square Inc. Invests In Bitcoin, Discloses Purchase Of Over 4700 BTC Just like in…

These 3 Factors Suggest Bitcoin Could Be Starting a Fresh Bull Run

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Bitcoin and the entire crypto market have seen some intense strength throughout the past day, which has come about as a result of news regarding Square’s acquisition of Bitcoin worth $50 million that will be held on their balance sheets. Investors and analysts alike have been viewing this rapidly growing trend as being highly bullish for Bitcoin, as corporate adoption could boost BTC’s technical strength and allow it to see significantly further upside. The cryptocurrency is now on the cusp of breaking above a key technical level that previously sparked…